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But the numbers tell a different story. I'd like to receive the Forbes Daily Dozen newsletter to get the top 12 headlines every morning. There were no new layouts, no attempts to make the game more social, no outreach to customers. If anything, antsy casino managers often made the game less welcoming. Ed Thorp published Beat the Dealer , a best-selling paperback that explained to the general public how, by counting cards keeping track of how many high-value cards remained in play , players could actually have a statistical advantage over the house. Since , the number of blackjack tables in the state of Nevada has fallen by over 31 percent. Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site. Jul 16, , am EDT. The player gets two cards, and the dealer gets two, only one of which is visible to the table. Smart, disciplined players could be guaranteed—at least statistically—to beat the casino. You may opt out at any time. Anyone who sells anything to other people, be it hospitality, food, or even words, should pay attention. The game even had a revival after 21 , a film based on the real-life exploits of the MIT counting team , introduced counting to a new generation. The lesson of blackjack goes beyond the gaming tables. Factoring in inflation , though, the amount Nevada casinos have won at blackjack has fallen by 46 percent. Walking a casino floor and seeing tables packed with smiling players, they might be right. I agree to receive occasional updates and announcements about Forbes products and services. We will never share your email address with third parties without your permission. Rule changes, like the dealer hitting soft 17, have increased the casino's edge in blackjack Photo The biggest offender, though, was blackjack. All other bets pay even money; if the player busts before the dealer, he loses, and if the player and dealer tie, it is a push neither side wins. Those games, it must be said, have for the most part resisted the belt-tightening of blackjack. So I study gaming. This was the casino equivalent of splitting the atom: an awesome, unpredictable power unleashed. It went over as well with serious blackjack players as spore drive did with Star Trek purists , and rightly so: blackjack bumps the house edge on a perfectly-played basic strategy game to nearly two percent. In , a quartet of U. And yet blackjack grew, in spite of the casinos, because the customers had figured out a way to, at least sometimes, win. For about two hundred years, blackjack was the casino equivalent of a benchwarmer. All Rights Reserved.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! Blackjack has many, many variations. Edit Story. Read Less. So how did isolated, intellectual blackjack push aside brawny, crowd-pleasing craps? Known as basic strategy , this approach dictates to the player how to proceed with any hand. The game of blackjack dates to the middle of the 18 th century. Into the s, the most popular casino game in Las Vegas was craps, a rollicking, social game that was seen at its most colorful in Guys and Dolls. For decades, blackjack remained the king of the tables. Army mathematicians—who have gone down in the annals of blackjack as the Baldwin group —published an article in the Journal of the American Statistical Association that described for the first time a mathematically correct set of rules for the game. Most Popular In: Vices. It might be said that the expansion of casino gambling to other states is more to blame than anything inherent in blackjack itself, and that might be somewhat right. Truth is, the game was rigged from the start. The player then decides whether to hit get another card , stand, split if dealt two identical cards, for example a pair of eights , or double down double the wager and receive one, and only one, new card. Thank you for signing in. The first step was changing the rules on how the dealer acted when dealt a soft 17 an ace, which can count as an 11 or one, and a six. Forbes takes privacy seriously and is committed to transparency. It would be great for our business if they always chose the highest margin items, letting us make an easy living. I grew up in Atlantic City, New Jersey, and worked in casinos there, catching bad guys and selling nuts not simultaneously. Basic strategy, perfectly executed, cut the house edge to almost zero, which turned a few heads. Like many other gambling pastimes poker, for one , it originated in France, although Americans gave the game its present form. This is a BETA experience. David G. But baccarat and sports betting in Nevada have made real gains over the past two decades. And only resort fees and paid Strip parking have attracted the level of fury that blackjack has. Blackjack, by contrast, is a game that pits each player individually against the dealer and often each other. For years it was obscure, then it was popular, and now it has faded. And that's not the worst thing. My Ph. Traditionally, the dealer stood on soft Modifying the rules to mandate the dealer take another card on soft 17 added about 0. But nothing lasts forever, and on the Las Vegas Strip, at least, blackjack has of late played second fiddle to baccarat , which is preferred by Asian ultra-high rollers. That's how I got interested in studying casinos, gambling, games, and tourism. That's how I got interested in studying….